Filed September 10, 2018
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $62,277 | $52,279+19.1% | $89,435-30.4% | $79,856-22.0% |
| Participation rate | 100.0% | 57.5%+42.5pp | 68.0%+32.0pp | 69.6%+30.4pp |
| Annual return | 13.33% | 22.16%-8.8pp | 245.55%-232.2pp | 31.71%-18.4pp |
| Employer contribution / active EE | $2,696 | $1,572+71.5% | $2,587+4.2% | $2,471+9.1% |
| Participant deferral / active EE | $5,307 | $2,740+93.7% | $3,890+36.4% | $3,741+41.9% |
| Admin fee / account holder | $7,148 | $3,356+113.0% | $4,884+46.3% | $5,306+34.7% |